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AB High Income Municipal Portfolio (ABTYX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS0186427441
IssuerAllianceBernstein
Inception DateJan 25, 2010
CategoryHigh Yield Muni
Min. Investment$0
Asset ClassBond

Expense Ratio

ABTYX has a high expense ratio of 0.53%, indicating higher-than-average management fees.


Expense ratio chart for ABTYX: current value at 0.53% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.53%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


AB High Income Municipal Portfolio

Popular comparisons: ABTYX vs. FNWFX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in AB High Income Municipal Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%15.00%2024FebruaryMarchAprilMayJune
4.14%
15.13%
ABTYX (AB High Income Municipal Portfolio)
Benchmark (^GSPC)

S&P 500

Returns By Period

AB High Income Municipal Portfolio had a return of 3.04% year-to-date (YTD) and 6.80% in the last 12 months. Over the past 10 years, AB High Income Municipal Portfolio had an annualized return of 3.73%, while the S&P 500 had an annualized return of 10.88%, indicating that AB High Income Municipal Portfolio did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date3.04%13.92%
1 month2.15%3.57%
6 months4.13%15.13%
1 year6.80%24.27%
5 years (annualized)1.68%13.51%
10 years (annualized)3.73%10.88%

Monthly Returns

The table below presents the monthly returns of ABTYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.46%0.22%0.63%-2.09%0.58%3.04%
20234.55%-3.23%1.97%0.54%-1.10%0.25%0.13%-1.72%-4.40%-2.50%8.80%3.91%6.63%
2022-2.80%-0.83%-4.09%-4.30%1.81%-4.32%4.09%-2.52%-6.57%-2.39%6.91%-0.50%-15.16%
20211.98%-1.69%0.97%1.39%1.09%1.09%1.10%-0.30%-0.88%-0.05%1.42%0.28%6.51%
20202.38%2.03%-10.60%-3.22%3.39%4.01%2.93%0.21%-0.13%0.16%2.65%2.10%5.12%
20190.72%0.95%2.41%0.59%1.75%0.65%0.76%2.12%-0.46%-0.01%0.33%0.65%10.94%
2018-0.95%-0.46%0.73%-0.17%1.46%0.27%0.26%0.38%-0.58%-1.08%0.46%0.75%1.02%
20171.12%0.98%0.77%0.97%1.81%-0.08%0.95%1.50%-0.09%0.25%0.27%1.32%10.20%
20160.91%0.17%1.25%1.14%0.99%2.14%0.17%0.50%-0.24%-1.55%-5.61%0.57%0.20%
20152.29%-0.86%0.47%-0.32%-0.31%-0.41%0.62%0.20%0.76%1.13%0.82%1.11%5.60%
20143.49%2.27%0.76%2.24%2.57%0.05%0.06%1.69%0.85%1.07%0.38%0.95%17.59%
20131.03%0.29%-0.27%1.18%-0.64%-6.47%-2.44%-3.66%3.30%0.98%-0.12%-0.77%-7.67%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ABTYX is 34, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of ABTYX is 3434
ABTYX (AB High Income Municipal Portfolio)
The Sharpe Ratio Rank of ABTYX is 3838Sharpe Ratio Rank
The Sortino Ratio Rank of ABTYX is 4040Sortino Ratio Rank
The Omega Ratio Rank of ABTYX is 4343Omega Ratio Rank
The Calmar Ratio Rank of ABTYX is 2323Calmar Ratio Rank
The Martin Ratio Rank of ABTYX is 2525Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for AB High Income Municipal Portfolio (ABTYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


ABTYX
Sharpe ratio
The chart of Sharpe ratio for ABTYX, currently valued at 1.10, compared to the broader market-1.000.001.002.003.004.001.11
Sortino ratio
The chart of Sortino ratio for ABTYX, currently valued at 1.71, compared to the broader market0.005.0010.001.71
Omega ratio
The chart of Omega ratio for ABTYX, currently valued at 1.22, compared to the broader market1.002.003.004.001.22
Calmar ratio
The chart of Calmar ratio for ABTYX, currently valued at 0.34, compared to the broader market0.005.0010.0015.000.34
Martin ratio
The chart of Martin ratio for ABTYX, currently valued at 2.11, compared to the broader market0.0020.0040.0060.0080.002.11
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.15, compared to the broader market-1.000.001.002.003.004.002.15
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.06, compared to the broader market0.005.0010.003.06
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.38, compared to the broader market1.002.003.004.001.38
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.72, compared to the broader market0.005.0010.0015.001.72
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.07, compared to the broader market0.0020.0040.0060.0080.008.07

Sharpe Ratio

The current AB High Income Municipal Portfolio Sharpe ratio is 1.11. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of AB High Income Municipal Portfolio with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.002024FebruaryMarchAprilMayJune
1.11
2.15
ABTYX (AB High Income Municipal Portfolio)
Benchmark (^GSPC)

Dividends

Dividend History

AB High Income Municipal Portfolio granted a 4.06% dividend yield in the last twelve months. The annual payout for that period amounted to $0.42 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.42$0.42$0.43$0.41$0.45$0.47$0.51$0.48$0.49$0.53$0.56$0.57

Dividend yield

4.06%4.13%4.30%3.31%3.73%3.94%4.60%4.18%4.47%4.69%4.98%5.68%

Monthly Dividends

The table displays the monthly dividend distributions for AB High Income Municipal Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.04$0.03$0.03$0.03$0.04$0.00$0.18
2023$0.04$0.03$0.04$0.03$0.04$0.04$0.03$0.04$0.04$0.03$0.03$0.04$0.42
2022$0.03$0.03$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.43
2021$0.04$0.03$0.04$0.04$0.03$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.41
2020$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.03$0.04$0.45
2019$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.47
2018$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.04$0.07$0.51
2017$0.04$0.04$0.05$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.48
2016$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.49
2015$0.05$0.04$0.04$0.04$0.05$0.04$0.05$0.04$0.04$0.05$0.04$0.05$0.53
2014$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.04$0.05$0.04$0.05$0.56
2013$0.05$0.04$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.05$0.57

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%2024FebruaryMarchAprilMayJune
-6.78%
0
ABTYX (AB High Income Municipal Portfolio)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the AB High Income Municipal Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the AB High Income Municipal Portfolio was 21.13%, occurring on Oct 26, 2022. The portfolio has not yet recovered.

The current AB High Income Municipal Portfolio drawdown is 6.78%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-21.13%Jan 4, 2022205Oct 26, 2022
-17.8%Mar 2, 202015Mar 20, 2020187Dec 15, 2020202
-13.31%May 20, 201372Aug 29, 2013179May 16, 2014251
-11.55%Oct 26, 201058Jan 18, 2011138Aug 4, 2011196
-8.15%Sep 9, 201661Dec 5, 2016171Aug 10, 2017232

Volatility

Volatility Chart

The current AB High Income Municipal Portfolio volatility is 1.91%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%2.00%3.00%4.00%2024FebruaryMarchAprilMayJune
1.91%
2.49%
ABTYX (AB High Income Municipal Portfolio)
Benchmark (^GSPC)